Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
General Information
Sale Price: $55,000
Price/SqFt:
Status: Active
MLS#: rcomi20221069880
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: trombley pk
Acres: 0.11
Lot Dimensions: 40.00 x 125.00
Size:
Acreage: 0.11 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E PELKEY N 20 FT 20 S 20 FT 19 TROMBLEY PARK SUB L40 P93 PLATS, W C R 21/631 40 X 124.50
